Dallas corporation purchased 300 shares of its own $10 par value common stock for $7,500. Later these shares are sold for $8,000 cash. The journal entry to record the sale includes a:

A) $500 credit to paid in capital from treasury stock

B) $4,800 credit to paid in capital from treasury stock

C) $500 credit to gain on sale of treasury stock

D) $8,000 credit to treasury stock

E) none of the above